Earnings out and they reduced guidance for the next few years. I like this pulling back into the 100MA on the monthly chart. I like taking the break of the low and not getting in today with the gap down. I think there is too much chance for a bounce or some pull back before we finally break this support and go down. Set your alert and wait for it.
Apple TV pricing is out and it's $4.99 so this is going to take market share from NFLX and DIS for sure. This is will be a nice little move here as traders and inventors look to reduce exposer here. I see 2 possible exits. 1 is the last bottom and 2 is the 200MA on the daily chart. This will be swing trade for sure. I can't see this ripping lower over a day like this.
Ok here is my next setup on AMZN. If we can break this resistance we are heading to the 100MA on the daily chart. $30 or so dollar move is bill paying money on a call for AMZN. Make sure you give yourself enough time in expiration dates or be willing to close a weekly out early.
FB just came out with a dating app, so MTCH is getting hit hard today. I would not touch this stock (either way) unless we break or bounce off this support here. Still to early to see what investors think about this competition. Just set your alert and see if it comes in
What a great gap and trap today.. Looks good and I'm looking to go back to recent lows. No real good target on this one. You can wait till it breaks todays lows to get in if your want. Just watch this one.
I like the break of the past few days of support right here.. BUT I do want to let it break that support back here in the circle first.. This could be a nice little money maker but could take a few days to complete once in.. Make sure you buy out at least 2 weeks maybe a month.
If you like Swing trades EL is setting up for something. I like the trapping of red candles here and I like the gap today. I just want you to be leery of the wick of the ATH candle. Let it break that wick then get in for the swing. You don't wait to let the shorts come in again and beat this down at the ATH and trap swing and long traders. Even if it doesn't break...
OMG this is getting just stupid at this point. IF the market gets all Kray kray here is my next trade on AMZN. This would just be stupid money, like light a cigar with $100s stupid money. OK, let see what happens. Good luck
Ok here is my TSLA trade if you already missed this move.. When it breaks this white candle we get a slow grind back to the 100MA on the monthly chart. If you buy puts give yourself some time for it to play out. I say it could take 2 to 3 weeks to get there, unless the Musk post something ridiculous.